EUR/USD has moved a dozen pips higher...>

EURO-DOLLAR: EUR/USD has moved a dozen pips higher thus far and last deals at

$1.1512, as relatively dovish comments from Fed Vice Chairman Clarida hit the

wires. 

- This comes after the rate fell 43 pips yestesterday, with EUR pressured by a

softer than exp. French industrial output print & the ECB Dec meeting minutes,

which cited the central bank's fear the eurozone economy remains "fragile and

fluid". Meanwhile, USD drew support from Fed Chair Powell's comments late in the

day. 

- Bulls need to reclaim yesterday's high of $1.1570 before attempting a move at

the $1.1600 figure. Conversely, bears look for a fall back below $1.1500, which

would give them the green light for challenging yesterday's low of $1.1485,

followed by the 100-DMA at $1.1475. 

- Italian industrial output comes out Friday, while ECB's Mersch & Visco will

provide central bank rhetoric.